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[RESEARCH] The world might have the clocks, but India has the time: an in-depth study of the startup and VC ecosystem

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David chronicles his journey of doing business in India for eight years and draws from numerous conversations with entrepreneurs, angel investors, venture capitalists, private equity investors, lawyers, bankers, consultants, accountants, academics, family offices, development finance professionals, as well as officials from the US and UK consulates.

Download the report 'The case for Indian venture capital'

David Back moved from California to Bengaluru in 2013, two years after attending the ‘MIT Entrepreneurship in India’ conference along with his friend Greg Moran, fellow co-founder of Zoomcar, India’s first ‘western-style’ car rental company with no chauffeurs. What inspired David and Greg to take the plunge can be summarised in one simple word - opportunity - that the author uses liberally to describe India.

The country is full of challenges, David reckons, and every challenge is an opportunity, sometimes a “large-scale” one. He says, “Risk and reward are always commensurate. If you want to get big rewards – whether that is money, impact, glory, adventure, or anything else – you have to take big risks.”


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